Inventhelp linkedin11/3/2022 ![]() ![]() Don’t give up if the first company turns you down – instead, see if they have other products that are similar to yours. There’s nothing worse than working with a company that does not respect you.Īfter you’ve identified a few companies that might be interested in licensing your invention idea, it’s time to approach them. So, make sure to build trust before selecting a licensee. A good business partner will have no problem helping you develop your product. This is because bad blood will only harm their perception of you and your ability to work together. Moreover, you’ll be able to attract investment with less risk than you might have originally thought.Īfter you’ve chosen a licensee, it’s important to maintain good relations with them. After you’ve identified the market, you can move on to other steps in turning your invention idea into a commercial product. Inventhelp linkedin how to#The market for your product idea will help potential licensees understand how to distribute it and establish a ballpark figure for costs, sales numbers, and royalties. Identifying the market for your invention idea is vital to determine its commercial viability. Once you’ve found a suitable partner, be sure to include product specifications, drawings, prototypes, production cost estimates, and testimonials. You should also research the competitive landscape and analyze your invention’s advantages and disadvantages before pitching it to potential licensees. To find a suitable licensee for your invention idea, you can look through industry databases, contact manufacturer’s representatives or brokers, or look through social media to identify potential partners. If you do not have a tagline, your sell sheet won’t get any more reads. It should also contain an image that exemplifies the benefits of the product. It should be one sentence in length, but it should be catchy and descriptive. This sell sheet shows the data about fruit preferences and uses fun fruit backgrounds without compromising the data’s usefulness.īesides a tagline, a sell sheet should have a strong benefit statement. A good example of this is the sell sheet for Dole’s Chef Ready Frozen Fruit Cuts. Present your data in a clear, easy-to-digest manner. This is because you may end up putting off a potential customer or client.Ī sell sheet is not a research paper – prospects aren’t interested in reading a page of raw data. ![]() ![]() It is also important to note that you should never send unsolicited materials to your prospects. ![]() This should be done by sending a cover letter and business card to potential contacts, noting the major benefits of the invention. In addition to sending a sell sheet to potential customers, inventors should also solicit companies and individuals to build their products and services. A sell sheet should also state that the product or service is patent-pending. The goal is to sell the product or service to prospective customers in as few words as possible. It should provide enough information to pique their interest, without revealing all the nitty-gritty details. It should be designed to give the prospect a good idea of what the product or service has to offer. When you are launching a new product or service, a sell sheet is vital. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |